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Automotive Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global automotive adhesives market reached a value of US$ 5.53 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7.63 Billion by 2027, exhibiting a growth rate (CAGR) of 5.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Automotive adhesives refer to fluid substances used to bind composites, metals, plastic and materials together. They are commonly available in solvent-based, water-based and hot melt variants that contain volatile organic compounds (VOCs). Automotive adhesives are manufactured of ethylene, amine-based resins, propylene, epoxide, acrylics, polyester resins, vinyl acetate monomer and synthetic materials. They are widely used to bond and seal interior and exterior components of an automobile, such as door panels, light covers, armrests, dashboards, lenses, chassis, headliners, consoles, and door skins. They aid in easing automation, ensuring strong bonds, minimizing drying time, and enhancing cohesive strength and corrosion resistance. Automotive adhesives also assist in improving crash performance, minimizing noise vibration, reducing vehicle mass, and increasing front and rear lateral body stiffness.

 

 
 

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Automotive Adhesives Market Trends:

The significant growth in the automotive industry across the globe is one of the key factors driving the growth of the market. Automotive adhesives are widely used to increase versatility, strength, prevent galvanic corrosion and maintain aesthetic appeal. In line with this, the increasing adoption of electric vehicles (EVs) due to the rising environmental consciousness is favoring the market growth. Automotive adhesives are used as binding components that provide crash durability and thermal conductivity while keeping the battery at a safe temperature. Moreover, various product innovation, such as the formulation of biodegradable automotive adhesives, are providing an impetus to the market growth. These eco-friendly automotive adhesives are widely used for automobile interiors and are manufactured using sustainable materials that aid in reducing the emission of harmful chemicals. Additionally, the widespread adoption of polyurethane resin for producing automotive adhesives and sealants as it assists in increasing durability, scratch resistance and corrosion resistance of vehicles is positively impacting the market growth. Other factors, including the increasing demand for lightweight vehicles, introduction of high-performance adhesive tapes, and the implementation of several government initiatives to reduce the environmental footprint of vehicles, are anticipated to drive the market growth further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive adhesives market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technology, resin type, vehicle type and application.

Breakup by Technology:

 

 
 

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  • Hot Melt
  • Solvent Based
  • Water Based
  • Pressure Sensitive
  • Others
     

Breakup by Resin Type:

  • Polyurethane
  • Epoxy
  • Acrylic
  • Silicone
  • SMP
  • Polyamide
  • Others
     

Breakup by Vehicle Type:

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
     

Breakup by Application:

  • Body in White (BIW)
  • Powertrain
  • Paint Shop
  • Assembly
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Avery Dennison Corporation, BASF SE, Bostik SA (Arkema S.A.), Covestro AG, Dow Inc., DuPont de Nemours Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman Corporation, Illinois Tool Works Inc., Nitto Denko Corporation, PPG Industries Inc., Sika AG and Solvay S.A.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Technology, Resin Type, Vehicle Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 3M Company, Avery Dennison Corporation, BASF SE, Bostik SA (Arkema S.A.), Covestro AG, Dow Inc., DuPont de Nemours Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman Corporation, Illinois Tool Works Inc., Nitto Denko Corporation, PPG Industries Inc., Sika AG and Solvay S.A.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Automotive Adhesives Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Technology
    6.1    Hot Melt
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Solvent Based
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Water Based
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Pressure Sensitive
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Resin Type
    7.1    Polyurethane
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Epoxy
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Acrylic
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Silicone
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    SMP
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Polyamide
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    Others
        7.7.1 Market Trends
        7.7.2 Market Forecast
8    Market Breakup by Vehicle Type
    8.1    Passenger Vehicles
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Light Commercial Vehicles
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Heavy Commercial Vehicles
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Application
    9.1    Body in White (BIW)
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Powertrain
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Paint Shop
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Assembly
        9.4.1 Market Trends
        9.4.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    3M Company
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Avery Dennison Corporation
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    BASF SE
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Bostik SA (Arkema S.A.)
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Covestro AG
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Dow Inc.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    DuPont de Nemours Inc. 
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    H.B. Fuller Company
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Henkel AG & Co. KGaA
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Huntsman Corporation
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Illinois Tool Works Inc.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Nitto Denko Corporation
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis
        15.3.13    PPG Industries Inc.
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio
           15.3.13.3 Financials
           15.3.13.4 SWOT Analysis
        15.3.14    Sika AG
           15.3.14.1 Company Overview
           15.3.14.2 Product Portfolio
           15.3.14.3 Financials
        15.3.15    Solvay S.A.
           15.3.15.1 Company Overview
           15.3.15.2 Product Portfolio
           15.3.15.3 Financials
           15.3.15.4 SWOT Analysis

List of Figures

Figure 1: Global: Automotive Adhesives Market: Major Drivers and Challenges
Figure 2: Global: Automotive Adhesives Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Automotive Adhesives Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Automotive Adhesives Market: Breakup by Technology (in %), 2021
Figure 5: Global: Automotive Adhesives Market: Breakup by Resin Type (in %), 2021
Figure 6: Global: Automotive Adhesives Market: Breakup by Vehicle Type (in %), 2021
Figure 7: Global: Automotive Adhesives Market: Breakup by Application (in %), 2021
Figure 8: Global: Automotive Adhesives Market: Breakup by Region (in %), 2021
Figure 9: Global: Automotive Adhesives (Hot Melt) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Automotive Adhesives (Hot Melt) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Automotive Adhesives (Solvent Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Automotive Adhesives (Solvent Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Automotive Adhesives (Water Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Automotive Adhesives (Water Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Automotive Adhesives (Pressure Sensitive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Automotive Adhesives (Pressure Sensitive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Automotive Adhesives (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Automotive Adhesives (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Automotive Adhesives (Polyurethane) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Automotive Adhesives (Polyurethane) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Automotive Adhesives (Epoxy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Automotive Adhesives (Epoxy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Automotive Adhesives (Acrylic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Automotive Adhesives (Acrylic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Automotive Adhesives (Silicone) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Automotive Adhesives (Silicone) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Automotive Adhesives (SMP) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Automotive Adhesives (SMP) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Automotive Adhesives (Polyamide) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Automotive Adhesives (Polyamide) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Automotive Adhesives (Other Resin Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Automotive Adhesives (Other Resin Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Automotive Adhesives (Passenger Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Automotive Adhesives (Passenger Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Automotive Adhesives (Light Commercial Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Automotive Adhesives (Light Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Automotive Adhesives (Heavy Commercial Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Automotive Adhesives (Heavy Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Automotive Adhesives (Body in White (BIW)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Automotive Adhesives (Body in White (BIW)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Automotive Adhesives (Powertrain) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Automotive Adhesives (Powertrain) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: Automotive Adhesives (Paint Shop) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: Automotive Adhesives (Paint Shop) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Global: Automotive Adhesives (Assembly) Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Global: Automotive Adhesives (Assembly) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: North America: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: North America: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: United States: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: United States: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Canada: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Canada: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Asia-Pacific: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Asia-Pacific: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: China: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: China: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Japan: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Japan: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: India: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: India: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: South Korea: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: South Korea: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Australia: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Australia: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Indonesia: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Indonesia: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Europe: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Europe: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Germany: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Germany: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: France: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: France: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: United Kingdom: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: United Kingdom: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Italy: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Italy: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Spain: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Spain: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Russia: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Russia: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Others: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Others: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Latin America: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Latin America: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Brazil: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Brazil: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Mexico: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Mexico: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Others: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Others: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 93: Middle East and Africa: Automotive Adhesives Market: Sales Value (in Million US$), 2016 & 2021
Figure 94: Middle East and Africa: Automotive Adhesives Market: Breakup by Country (in %), 2021
Figure 95: Middle East and Africa: Automotive Adhesives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 96: Global: Automotive Adhesives Industry: SWOT Analysis
Figure 97: Global: Automotive Adhesives Industry: Value Chain Analysis
Figure 98: Global: Automotive Adhesives Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Automotive Adhesives Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Automotive Adhesives Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: Global: Automotive Adhesives Market Forecast: Breakup by Resin Type (in Million US$), 2022-2027
Table 4: Global: Automotive Adhesives Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 5: Global: Automotive Adhesives Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Automotive Adhesives Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Automotive Adhesives Market: Competitive Structure
Table 8: Global: Automotive Adhesives Market: Key Players


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Key Questions Answered in This Report

The global automotive adhesives market was valued at US$ 5.53 Billion in 2021.

We expect the global automotive adhesives market to exhibit a CAGR of 5.20% during 2022-2027.

The growing usage of automotive adhesives in electric vehicles as binding components that provide
crash durability and thermal conductivity while keeping the battery at a safe temperature is
primarily driving the global automotive adhesives market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations, resulting in the temporary closure of numerous
manufacturing units for automotive adhesives.

Based on the resin type, the global automotive adhesives market can be categorized into
polyurethane, epoxy, acrylic, silicone, SMP, polyamide, and others. Currently, polyurethane exhibits
clear dominance in the market.

Based on the vehicle type, the global automotive adhesives market has been segmented into
passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Among these,
passenger vehicles represent the largest market share.

Based on the application, the global automotive adhesives market can be bifurcated into Body in
White (BIW), powertrain, paint shop, and assembly. Currently, Body in White (BIW) accounts for the
majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.

Some of the major players in the global automotive adhesives market include 3M Company, Avery
Dennison Corporation, BASF SE, Bostik SA (Arkema S.A.), Covestro AG, Dow Inc., DuPont de Nemours
Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman Corporation, Illinois Tool Works Inc.,
Nitto Denko Corporation, PPG Industries Inc., Sika AG, and Solvay S.A.

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